TD Ameritrade Online Stock Broker Speed Review

TD Ameritrade is #1 in the Barron’s 2007 review of stock brokers. They are most widely known for fueling the independent spirit by providing straightforward affordable pricing, flexible support, and outstanding service.

Some of the reasons for investors to choose stock broker TD Ameritrade over competitors Zecco, TradeKing, Scottrade, Interactive Brokers, ShareBuilder, Fidelity, and Etrade are:

1. Flat-rate $9.99 commissions.

2. 24/7 customer support.

3. Service tailored to your needs.

4. 13,000+ mutual funds to choose from.

5. Amerivest for outstanding portfolio advisory services.

6. A wide variety of retirement accounts including IRAs.

7. TD Ameritrade 5-Second Guarantee on all trades.

8. Advanced Analyzer for finding stocks that meet your trading criteria.

9. Expert analysis live with Market Huddles weekly.

10. Award winning TD Ameritrade Apex for the highest of quality.

11. Broker support not only in Canada but also in the UK.

The services TD Ameritrade offers its clients even go beyond what is stated here. They have service centers throughout the United States and Canada and also run an Asset Protection Guarantee to keep your accounts secure all day every day.

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  1. says

    I love my TD-A account, always has worked flawlessly and when I have needed to speak with someone they are easy to get a hold of, now waits, and are very helpful!

  2. Phi says

    Mr. Blain,

    You should contact TD Ameritrade advertising department and demand a referal fee for such a fine post.

    LOL ;-)

  3. Matt says

    Easy to read, and I agree with the above, get on their case!

    Buying out TD Waterhouse was a good move just IMO, to gain the presence in Canada was beneficial and they really bought an established chain of offices as well.

  4. Paula Murphy says

    Hi Blain,
    You let me know to request free trades from TDA when it crashed back in January. Today at the end of trading I kept getting timed out and had trouble logging in. I don’t know if you are still with TDA but I called and waited for 15 minutes on their customer service line at 4 PM today. At first they try and tell you oh well we have phone lines available for trading. I said yeah right. If you can’t help me please give me a supervisor or someone who can help me. The least you can do is throw me a few free trades, this is not the first time this has happened, maybe Fidelity is more reliable…

    so if you had problems with TDA today go for it 50 free trades good for 90 days on each acct.

    I hope you are weathering this crazy market and best of luck.

  5. says

    TDAmeritrade basically bent me over the desk and had their way with me. I did something that was not all that smart, but they had many, many chances to help me out, and took none of them. I’m in a big, old mess with Canadian taxes, and they’ve done nothing, unless shrugging and calling me stupid is something. As soon as the SEC investigation is over, I’m moving my account to E*Trade, where I’ve been treated better, though not perfectly. if anyone knows of a better online broker than E*Trade, please let me know.

  6. Diane says

    Wow. I had the same problem–twice–two separate days and it cost me like $600 in trading, and I settled for WAY LESS! Thanks for the FYI, Paula.

  7. Evelyn says

    I have been with TDAmeriTrade for almost a year but I am very disappointed that things are not working as well as my Fidelity account. The thing that made me decided not to trade with them anymore was I found out they did not recalculate my trailing stop order when my ETF distributed dividends. Not only did they not recalculate the order like Fidelity did, they canceled my order without notifying me. No phone calls, no emails to my registered email address, no email to my TDAmeriTrade account to let me know my order was cancelled!

    I have an ETF ADRE in TDAmeriTrade’s account. I set a trailing stop order on September 24th, 2009 in case there is a big drop in the market. On October 28th the market did have a big drop and I was surprised to find the order was canceled only four days after I had set it and my ETF was still in my account and the order was not executed. I contacted their manager and he said it is industry standard to cancel the order when dividends distribution was recorded. In doing so they are protecting their customers’ assets. And it is not their responsibility to notify the customers that the order has been canceled and it is customers’ responsibility to check their accounts to find the information and re-set the order.

    The problem with his story is that I have another ETF QQQQ with Fidelity. That ETF distributed dividends on the same day, October 30, so I assumed they had the same ex-dividend day. I also had a trailing stop order on the ETF. I did not have any information about whether this ETF was going to distribute dividends or not, like I did not have any information about ADRE. But I did not need to know because when I saw the actual dividends distributed in my account on October 30, Fidelity had already recalculated the trailing stop order for me. My trailing stop order was still intact when I checked on that big drop day. (QQQQ did not drop as much so the order was not executed that day).

    I thought the whole purpose of trailing stop orders is to protect investors while they are not watching. If I monitor my investments everyday and every minute, I don’t need to set the trailing stop order. It is their responsibility to recalculate my order like Fidelity did. Barring that, they should have at least notified me that my order was cancelled so I know I need to re-set it. Instead, they blamed me for not watching my ETF closely to know that my order had been cancelled by them. I don’t watch my investments everyday and I will never be able to do that so I had no choice but to move my business to Fidelity.

  8. Uncle Tom says

    I have over 20 years investment experience. Over the last 3 years I have traded with TD Ameritrade, Charles Schwab, E*trade and Scotttrade. Also, I have extensive experience with brokerage firms such as Morgan Stanley, UBS Painewebber, Solomon Smith and Barney, Brown Brothers Harriman and Citigold.

    I do not believe there are regulations in place to protect retirement plans, IRA’s or general savings. I believe “Wall Street” (a term used to describe the financial sector here and around the world) has become incredibly dishonest and unlawful. The SEC and FINRA are failing as such should be replaced by new agencies.

    My experience with online trading is the tail of two cities I have had great success with E*trade. Scotttrade also appears to perform well, however I do need more time to properly evaluate this company. As far as TDAmeritrade, you have no control over your account; I have had good trades backed out and I have not been able to execute certain trades. Their front page (Balance and Positions) is the weirdest thing I have ever used. They have a special rule that stymies the trader’s ability to navigate their investment and they refuse to fix their problems. E*trade gives you your gain and losses immediately. TDAmeritrade porn’s this data to a third party who TD disclaims they are not responsible for their data you receive. They are making incredible profits and myself and others feel their staff is ether demoralized or in denial.
    Schwab is worse then TDAmeritrade. This is my experience, I am not endorsing any trading house, however, please be careful with all online brokers.